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Hundreds queued since the day before for first phase launch of Setia Eco Templer

S P Setia Bhd's latest property launch, Setia Eco Templer. S P Setia Bhd's latest property launch, Setia Eco Templer.

[UPDATE] The first phase of Setia Eco Templer saw all 176 units of its 2-storey linked villas and all 6 of its 2-storey bungalows snapped up, while 25 of its 52 units of 2-storey semi-detached houses were taken up as at Sunday, said S P Setia Bhd executive vice-president Datuk Koe Peng Kang.

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S P Setia Bhd has officially unveiled this morning the first phase of Setia Eco Templer. At the point of reporting, more than 130 homes have been 'sold out' from a queue that started since 7pm yesterday evening.

Located on the former site of the Perangsang Templer Golf Club in Templer Park, Rawang, the masterplan for Setia Eco Templer features English, Balinese or Peranakan themed architectural designs.

Hundreds of homebuyers who already placed a RM10,000 booking fee earlier turned up this morning at the unit selection event to secure their choice homes. The event was held at the Setia Eco Templer show gallery, which was the former clubhouse being used for the township sales.

Most of the buyers are from Rawang, Kepong, Selayang and some are from Sungai Buloh and Petaling Jaya.

The 195-acre, mid-sized township sits between Rawang and Selayang, and was founded on nature and the environment as it is next to the breathtaking, acclaimed Kentaro Sato-designed Templer Park Golf & Country Club and a forest reserve of more than 1,000 ha.

It is a joint-venture development between Setia Eco Templer Sdn Bhd, a subsidiary of S P Setia, and Cash Band (M) Bhd, a subsidiary of Selangor state government-linked company Kumpulan Hartanah Selangor Bhd.

The pristine green surroundings will be its main selling point. There are also a couple of limestone hills in the area. Besides that, it is relatively close to the city - 25km away from Kuala Lumpur city centre and 10km from the Rawang main commercial area.

The master-planned township project, which boasts nine rivers, creeks and other water systems that S P Setia executive vice president Datuk Koe Peng Kang believes will make the project "legendary", has a total gross development value (GDV) of RM2 billion.

There is a lake, a river and eight natural streams which flow from the adjacent limestone hills into the township. Each of them will be distinctive. That is the reason why Setia Eco Templer comes with a tagline: The Legend of Nine Creeks.

The river and streams have been given British names in honour of Sir Gerald Templer’s British origins. As historical record showed, Templer Park was named after Sir Gerald Templer, a British High Commissioner in Malaya between 1952 and 1954.

The nine rivers and streams are called Carson Creek, Alresford Creek, Bramble Creek, Oakley Creek, Cedar Creek, Benfleet Creek, Lawling Creek, Flag Creek and Turtle Creek.

The first phase is Carson Creek, the longest creek of all nine running through the whole development with eight smaller creeks joining along various points of its passage.

Carson Creek features Essex Gardens, amidst English-themed pocket parks and landscaped gardens as well as old English architectural designs.

As an example, one of the jewel pocket park is the Amethyst Arbour Garden, where there will be intricate arches, blossoms of flowers with hues of mild purple and a soothing fountain. Another is the Emerald Labyrinth Garden where pristine hedgegrows, potted greens and mini maze corners are dotted alongside cobblestone pathways.

Meanwhile, the Jewel Garden is a typical stone-paved garden with arched hedges and rustic wooden trellises and swings. Essex Play Park will be the centre of attraction for the family as children enjoy swings and a maze garden in a play setting.

Carson Creek comprises 234 units of linked villas, which are essentially 2-storey terrace homes (176 units), 2-storey semi-detached homes (52 units) and 2-storey bungalow homes (6 units). The completion of the first phase is May 2019.

The linked villas have land areas of 22' x 80' (76 units of Shelly Link Villa - 4+1 bedder), 24' x 80' (66 units of Tilbury Link Villa - 4+1 bedder) and 26' x 85' (34 units of Albion Link Villa - 5+1 bedder); with built-ups of 2,394 sq ft, 2,626 sq ft and 2,965 sq ft respectively.

The linked villas have an open plan dining, French windows with balconies reminiscent of old European charm, and a landscaped walkway between homes. The living areas face the rear of each home with the dining and kitchen closest to the car porch.

The semi-Dees have land areas of 41' x 95', comprising of Darlington - 4+1 bedder and Oakley - 5+1 bedder; and built-ups of 3,481 sq ft and 3,492 sq ft respectively. They all have high ceilings, and for the Darlington option, it will have two master bedrooms (front and rear) and a distinctive garage built away from the street.

The limited-edition Windsor bungalows each have a land area of 75' x 85' with built-up of 4,214 sq ft. It will have 5+1 bedder and noticeable by its pitched roof with earth toned facades.

Its unique features are the double-height living space attached with a verendah area and a large outdoor terrace at the outside of the dining area, which are ideal for family activities.

Prices of the units range from RM850,000 for the linked villas to RM1.7 million for the semi-detached homes while the bungalows are priced at approximately RM 2.8 million.

The monthly maintenance fee is estimated to be not more than RM0.20 psf based on the land area.

The second phase is Alresford Creek and will only be launched next year.

According to the developer, the natural rivers, streams and undulating terrains will not be altered and the nature's sanctuary will not be intruded. It was said that the temperature here is 1 to 2 degrees lower than the city.

The first phase will be sold on a 10:90 package, similar to how properties are sold in Australia. The homebuyer pays only 10% of the price and the rest upon completion of the home after he takes vacant possession, example in 36 months time.

"This provides great financial flexibility and freedom of up to three years for purchasers’ financing options and they will not have to miss out on investment opportunities that benefit them in the future," said S P Setia in a statement.

The leasehold township will comprise gated and guarded communities with a total of 900 units of landed homes as well as 900 units of affordable housing. As such the township has a low density of only 9.5 units per acre.

The homes will be supported by the palatial clubhouse, to service residents’ leisure needs. The clubhouse will have an Olympic-sized swimming pool, gymnasium, a wellness centre, a grand ballroom, function rooms, and F&B outlets, among others.

“We have a Chinese restaurant that will open in three months. It can fit up to 70 tables. They already have three weddings that will be held there,” Datuk Koe said.

"We are currently seeking for operators to run a convenience store, a Japanese restaurant and a café as there are no such businesses nearby," he said.

This is the company's first major offering since 2014 under a new leadership that has been confirmed only recently by its largest shareholder, Permodalan Nasional Bhd (PNB).

As part of its rebranding exercise, this launch also marks a fresh new identity for one of Malaysia's most well-known property developer.

Later this year, S P Setia intends to launch 900 units of affordable apartments under the Rumah Selangorku scheme. It will be located on the southernmost side of the township, adjacent to the main gateway, south of the Lawling Creek.

They will have a selling price ranging from RM150,000 to RM400,000 for sizes ranging from 700 to 1,000 sq ft.

Because proximity to amenities are important, the township will also have a 5-acre commercial zone which will be developed in-line with the completion of residential components. The commercial zone will comprise of 2 to 3-storey commercial shop-offices.

Land for a proposed government school will be provided adjacent to the Rumah Selangorku. The entire township development is slated for completion in 8 to 10 years.

To counter future issues of congestion, the developer will build additional infrastructure and improve liveability and security features. The nearest home to an existing electric pylon line will be at least 1km away.

A new road interchange costing approximately RM25 million will be built to directly link Jalan Ipoh so that future residents do not need to u-turn to reach the township. It will be completed before the first phase homes are handed over.

Last month, the AmBank Group had granted RM315 million banking facilities for the development of the township. The bank also granted a RM200 million working capital term loan to S P Setia for the early commencement of the first phase next month.

The Grand Launch of A Legend 14-15 May 2016

 

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